Cognizant Technology Solutions Corporation $CTSH Shares Bought by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC lifted its holdings in Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,344 shares of the information technology service provider’s stock after purchasing an additional 736 shares during the period. Trinity Legacy Partners LLC’s holdings in Cognizant Technology Solutions were worth $4,590,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ritholtz Wealth Management grew its stake in shares of Cognizant Technology Solutions by 21.0% in the 1st quarter. Ritholtz Wealth Management now owns 10,531 shares of the information technology service provider’s stock worth $806,000 after purchasing an additional 1,827 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Cognizant Technology Solutions by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 500,039 shares of the information technology service provider’s stock worth $38,253,000 after purchasing an additional 7,105 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Cognizant Technology Solutions by 40.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the information technology service provider’s stock worth $2,146,000 after purchasing an additional 8,116 shares during the last quarter. LBP AM SA acquired a new position in shares of Cognizant Technology Solutions in the 2nd quarter worth approximately $8,541,000. Finally, Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Cognizant Technology Solutions by 129.9% in the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 106,200 shares of the information technology service provider’s stock worth $8,124,000 after purchasing an additional 60,000 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen cut shares of Cognizant Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Evercore ISI assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued an “outperform” rating and a $100.00 target price for the company. Guggenheim upgraded shares of Cognizant Technology Solutions from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Cognizant Technology Solutions in a report on Thursday, July 17th. They issued a “hold” rating and a $80.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cognizant Technology Solutions from $101.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.79.

Cognizant Technology Solutions Stock Performance

CTSH stock opened at $67.00 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $32.72 billion, a P/E ratio of 13.62, a P/E/G ratio of 1.39 and a beta of 0.95. The firm has a 50 day simple moving average of $70.34 and a 200 day simple moving average of $74.52. Cognizant Technology Solutions Corporation has a 52 week low of $65.17 and a 52 week high of $90.82.

Cognizant Technology Solutions (NASDAQ:CTSH) last issued its quarterly earnings data on Wednesday, July 30th. The information technology service provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.17 billion. Cognizant Technology Solutions had a net margin of 11.89% and a return on equity of 16.77%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. Cognizant Technology Solutions has set its FY 2025 guidance at 5.080-5.220 EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Cognizant Technology Solutions Corporation will post 4.98 earnings per share for the current fiscal year.

Cognizant Technology Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 18th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 18th. Cognizant Technology Solutions’s dividend payout ratio (DPR) is presently 25.20%.

About Cognizant Technology Solutions

Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.